Walter & Keenan Wealth Management LLC IN ADV Has $451,000 Stock Holdings in Amphenol Co. (NYSE:APH)

Walter & Keenan Wealth Management LLC IN ADV boosted its position in shares of Amphenol Co. (NYSE:APH) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,924 shares of the electronics maker’s stock after acquiring an additional 236 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Amphenol were worth $451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Amphenol by 0.4% during the first quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock valued at $8,473,608,000 after acquiring an additional 321,861 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Amphenol by 92.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after purchasing an additional 17,552,921 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Amphenol by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock valued at $3,601,694,000 after purchasing an additional 1,979,022 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Amphenol by 69.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock valued at $1,564,711,000 after purchasing an additional 9,487,387 shares during the period. Finally, Mawer Investment Management Ltd. grew its stake in shares of Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock valued at $1,041,204,000 after purchasing an additional 7,275,279 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 300,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APH shares. Evercore ISI increased their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Robert W. Baird increased their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. UBS Group increased their price target on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Truist Financial increased their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, TD Cowen upped their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Stock Performance

Shares of Amphenol stock opened at $68.88 on Wednesday. The company has a market capitalization of $82.74 billion, a PE ratio of 42.26, a PEG ratio of 2.56 and a beta of 1.24. Amphenol Co. has a 12 month low of $39.55 and a 12 month high of $71.20. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $65.19 and its 200 day simple moving average is $64.85.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. On average, research analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.